Delight at cash awards.GRANTS from the Big Lottery Fund The Big Lottery Fund (BIG) is a grant-making organisation in the UK (England, Wales, Northern Ireland and Scotland) created by the Government to administer the funding of good causes following the creation of the National Lottery. are helping Teesside charities to beat the credit crunch Credit Crunch An economic condition whereby investment capital is difficult to obtain. Banks and investors become weary of lending funds to corporations thereby driving up the price of debt products for borrowers. . Across the North-east, eight organisations have scooped a share of more than pounds 3.7m for projects that will improve efficiency and impact in the voluntary and community sector. Each project will work with a range of charities and voluntary groups to enhance how they operate in fields such as fundraising, finance and human resources. The funding comes from the Big Lottery Fund's BASIS (Building and Sustaining Infrastructure Support) programme. Voluntary groups throughout the Tees Valley area will have access to support services support services Psychology Non-health care-related ancillary services–eg, transportation, financial aid, support groups, homemaker services, respite services, and other services thanks to a pounds 498,897 award to Middlesbrough Voluntary Development Agency's Quality in Infrastructure Support Services programme. Dinah Lane, chief executive officer of Middlesbrough Voluntary Development Agency, said: "We're delighted to have been awarded this funding. In the tough economic times ahead, help around governance and sustainability is likely to be more important than ever." |
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